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Power Metallic drills extend Lion mineralization and unveils regional targets

Power Metallic — Nisk–Lion–Tiger update

Summary
Recent fieldwork at the Nisk–Lion–Tiger property has changed how the team sees the Lion Zone. Structural mapping and targeted drilling uncovered a previously overlooked shallow easterly-plunging element that seems to focus the best copper mineralization. Follow-up holes along that geometry have intercepted Lion-style sulphides, so the company now has sharper, testable shoot targets and can concentrate meters where success probabilities look higher.

Lion Zone — a structural rethink that already shows promise
Orientation work on drill core confirmed a dominant steep westerly plunge, but also revealed four easterly-trending splays crossing that main architecture. One of those splays plunges gently to the east and hosts the most encouraging mineralization so far. Hole PML-26-054 cut roughly five metres of Lion-style sulphides — narrow, locally massive lenses with visible copper and chalcopyrite in both disseminations and stringers. That continuous interval validates the reinterpretation and gives the team concrete targets for the next fences and geophysical programs.

How the team reached this model
Geologists tied oriented-core measurements, fabric indicators and vein/sulphide distributions across sections to define plunge and trend relationships. By linking foliation, vein sets and sulphide positioning, they mapped four easterly corridors superimposed on the main westerly-plunging system. The shallowest of these corridors was prioritized for testing; the sulphide interval in PML-26-054 suggests it could have acted as a locally enriched pathway for copper-bearing fluids.

Evidence and uncertainty
What’s encouraging
– Multiple easterly trends broaden and focus drilling options: targets are now specific corridors rather than a diffuse envelope.
– Visible copper and abundant chalcopyrite increase geological confidence.
– Regional analogues indicate shallow-plunging shoots can host high-grade intervals.

What tempers that optimism
– The intercepted length is modest and visual mineralization still requires assays to confirm grade and continuity.
– The structural picture is more complex, meaning more oriented drilling and downhole geophysics will be needed before any resource extrapolation.

Practical next steps
Exploration will prioritize drill fences oriented along the easterly corridors, pairing oriented core with downhole surveying to refine vectors. For investors, this reduces speculative breadth: drilling can test discrete, repeatable shoots rather than widely scattered targets. In areas of visible sulphides, metallurgical sampling will be included to check recoverability while economic and mine-planning scenarios incorporate targeted infill and step-out holes.

Lion West and near-surface massive sulphides
Drilling along the interpreted western vector also delivered notable results. Hole PML-26-067 — drilled on a rim previously thought lower grade — intercepted a 1.0 m interval of massive copper sulphide at about 50 m vertical depth plus a separate 3.3 m disseminated copper zone. Near-surface massive sulphide like this can meaningfully improve early mining scenarios by lowering stripping ratios and boosting project economics, so additional holes have been mobilized to define lateral extent and continuity.

How that hole fit the program
PML-26-067 followed the structural vector defined by earlier orientation and logging work. Integrating oriented core and downhole surveys allowed the team to place this hole on the western limb where massive sulphides were not expected. That suggests high-grade pockets may sit at intersections between main shoots and subsidiary splays. Assays and petrography will be required to quantify sulphide tenor and copper distribution before any block-model or resource-class changes.

Actions and implications
Immediate follow-up will include step-out drilling along strike and down-plunge, plus metallurgical sampling to assess recoverability. If continuity is demonstrated, mine planners can evaluate shallow extraction options. Structural interpretation and geophysical results will continue to refine drill targeting.

Additional structural continuity and a new nickel–PGE note
An intersection in PML-25-021, about 350 m east of the Lion core, supports an easterly structural trend that may extend for hundreds of metres on a shallow plunge. At Lion West, drilling across a magnetic high (the UM zone) identified a northward structural offset and, beneath it, a narrow 0.31 m interval of massive nickel-bearing sulphide in a tonalite dyke assaying 2.42% Ni, 1.83 g/t Pd and 0.11% Cu. That introduces a nickel–PGE element to the property’s prospectivity and adds an interesting secondary target to the copper-focused program. The next phase will be focused, structural-driven drilling, downhole geophysics and metallurgical sampling to convert these encouraging observations into robust geological and economic answers.

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